Woofun AI data shows that short interest in SpaceX has expanded to approximately 185 million shares, constituting 29% of the public float with a total value of $25 billion. This represents a significant increase from an estimated 40 million shares, or 5% to 7% of the float, recorded three weeks prior. The stock price has declined roughly 20% since July, briefly dipping below the $135 IPO price on Wednesday.

KeyBanc Capital Markets noted that the public float comprises only 13 billion shares of the total outstanding. Initial restricted shares, representing about 11% of the total, may unlock around the second-quarter earnings report. Additional batches, each covering approximately 4% of outstanding shares, are scheduled for release roughly 70 days post-IPO. Elon Musk’s holdings, accounting for 42% of shares, remain locked until June 2027. The company’s 13th Starship test flight is scheduled for Thursday.